Copart, Inc. (NASDAQ:CPRT) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 9.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 229,882 shares of the business services provider's stock after purchasing an additional 18,923 shares during the period. Daiwa Securities Group Inc.'s holdings in Copart were worth $12,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Optimum Investment Advisors raised its stake in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock valued at $27,000 after acquiring an additional 300 shares during the period. Eastern Bank purchased a new stake in shares of Copart during the 3rd quarter worth approximately $29,000. Crewe Advisors LLC boosted its stake in Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider's stock valued at $31,000 after acquiring an additional 280 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider's stock worth $31,000 after buying an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Copart by 477.7% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider's stock valued at $32,000 after acquiring an additional 492 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Trading Up 1.7 %

Shares of CPRT traded up $1.05 during mid-day trading on Monday, hitting $63.75. The company's stock had a trading volume of 9,658,565 shares, compared to its average volume of 4,475,252. Copart, Inc. has a 1-year low of $46.21 and a 1-year high of $64.19. The firm has a market capitalization of $61.42 billion, a P/E ratio of 44.89 and a beta of 1.27. The firm has a 50-day simple moving average of $54.07 and a 200 day simple moving average of $53.24.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). Copart had a net margin of 31.92% and a return on equity of 18.96%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business posted $0.34 EPS. Copart's revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts predict that Copart, Inc. will post 1.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CPRT shares. Robert W. Baird decreased their price target on Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. raised their target price on shares of Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th.

Copart Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.